In an effort to establish itself as a regional hub for the developing industry, Malaysia has announced the implementation of tax incentives for carbon capture and storage (CCS). The tax incentives are a part of Malaysia’s annual budget plan, Budget 2023, with...
In September 2022, the European Union (EU) and Thailand finalized the text of the EU-Thailand Partnership and Cooperation Agreement (PCA). The PCA will enhance the political dialogue on issues of global concern and will give more scope for mutually-beneficial...
Indonesia is creating an incentive package to entice investment in Nusantara, its prospective USD 32 billion new capital city. The mega project involves relocating Southeast Asia’s largest economy’s capital from crowded Jakarta to an undeveloped location...
Singapore and Australia have already agreed upon 17 projects as part of the bilateral Green Economy Agreement (GEA), signed by the two countries on 18 October. The GEA has specified seven areas for its green economy principles and scope for cooperation: trade and...
Presidential Regulation Number 112/2022 was officially issued by the President of Indonesia in late September. The new regulation, referred to as the ‘Acceleration of Renewable Energy Development for the Provision of Electricity’, aims to attract more investors to...
Thailand has just launched its long-term resident (LTR) visa program. While aimed at highly skilled workers, the program is also expected to attract foreign investors. In a recent interview with Nikkei Asia, the deputy secretary general of the Thailand Board of...
Malaysia received investments worth MYR 9.30 billion (USD 1.96 billion) in strategic and high-potential sectors such as electrical and electronic (E&E), Research & Development (R&D), biomass, information technology and communication, chemical industry, and...
Philippine President Ferdinand “Bongbong” Marcos Jr. received USD 3.9 billion in investment pledges during his working visit to the United States (US). The visit is part of the President’s trip to the US to address the 77th Session of the United Nations General...
Singapore has moved up one spot to place fourth in the latest edition of the IMD World Digital Competitiveness Ranking, after Denmark, the United States, and Sweden. The ranking considers 63 global companies, assessing each country on 54 criteria and polling mid and...
Danish companies are expanding their footprint in Vietnam as the nation quickly moves up the value-added ladder and establishes itself as a major center for the production of technology. Denmark has emerged as a key investor in Vietnam this year thanks to the Danish...
The UK Department for International Trade in the Philippines recently announced that more than 80% of exported Filipino products, and 99% of total goods by value exported from the Philippines, will be eligible for duty free access to the UK via the Developing...
Malaysia and Qatar hope to elevate their bilateral relationship through cooperation in economic fields like Islamic financing and the digital economy. The announcement was made by Malaysia’s Foreign Minister Datuk Seri Saifuddin Abdullah in August 2022 during the...
